Katherine Demands Audit
Perry Sanders, the attorney of Katherine Jackson, told RadarOnline.com, that his client wants her legal team to do an extensive audit of Michael’s estate: “My audit is being done to see the details of where the money is coming from and where it is going. The beneficiaries should be entitled to all detailed documentation so they can see what THEIR money is paying for.”
On July 19, Katherine’s lawyers submitted legal docs asking for, “production of supporting documents for account current,” and the docs state, “Ms. Katherine Jackson…hereby requests that representatives John Branca, John McClain and counsel for the Estate of Michael Jackson produce for inspection and audit all supporting documents for the Second Account Current and Report of Status of Administration and Petition.”
However, lawyers for Michael’s Estate have several issues with Katherine Jackson’s request, and said in their response: “John Branca and John McClain object to the Request to the extent that it is vague and ambiguous as to the phrase ‘all supporting documents for the Second Account Current’ in that the Request encompasses thousands of pages of documents which potentially support the Second Account Current…Responding Party (the executors) objects to the Request to the extent that it seeks highly confidential business and financial information…it will not produce such documents absent the entry of a stipulation and protective order governing, among other things, the access to and use highly confidential documents.”
Most of the contracts that the estate has entered into are sealed because they contain trade secrets and other privileged information, and this is routinely done to protect the best interests of the estate. Almost all of the major contracts, business deals and other transactions have all been presented to Judge Beckloff by the executors, in order to be transparent with Michael’s estate. The executors have requested that Michael’s estate be handled in probate court for another year.
Judge Mitchell Beckloff will weigh in on what documents if any, the estate will turn over to Katherine Jackson.
Source: Radar Online & MJWN